Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
Category: Trump, Donald J
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China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs
China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.
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Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
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What Happened to India Becoming the Next China?
With threats of tariffs up to 50 percent, President Trump seems to be scrapping America’s plan to turn India into a counterweight to China, declaring instead that it was a “dead economy.”
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Trump to Double India’s Tariff to 50% Over Russian Oil Purchases
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
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Trump to Announce Additional $100 Billion Apple Investment in U.S.
The pledge was a “significant acceleration” of the company’s plan for more production in the United States, according to a White House statement.
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Disney, McDonald’s and the State of the U.S. Economy
The effects of President Trump’s trade war on households are expected to be a big focus in earnings calls held by major consumer-facing companies.
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Why the B.L.S. Regularly Revises Jobs Data
President Trump fired the head of the Bureau of Labor Statistics last week and described a jobs report that included a big downward revision as “rigged.”
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Bolsonaro House Arrest Casts Shadow Over Brazil-U.S. Trade Talks
The Brazilian Supreme Court justice’s order could complicate efforts to negotiate over President Trump’s punishing tariffs, set to go into effect this week.
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Does Japan Want American Cars? Trump’s Push to Open Foreign Markets Faces Test.
President Trump is celebrating deals that lower trade barriers on American staples like cars. Experts question how much of an effect this will have.
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Rupert Murdoch and Trump Agree to Postpone Deposition
The president sued Mr. Murdoch and The Wall Street Journal for an article last month. The president’s lawyers had asked for Mr. Murdoch to be deposed within 15 days.
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Trumps Claims Discrimination by Banks Ahead of ‘Debanking’ Crackdown
JPMorgan and Bank of America rejected Trump Organization deposits, the president said, fueling his displeasure with Wall Street.